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B.
<br />C�
<br />22. NO ESCROW FOR TAXES AND INSURANCE. Un
<br />required to pay to Beneficiary funds for taxes and
<br />siness interruption insurance,
<br />s debt service, and required es
<br />:ceptable to Beneficiary.
<br />otherwise provided in a si
<br />rance in escrow.
<br />23. FINANCIAL REPORTS AND ADDITIONAL DOCUME TS. Trustor will provide to'�Bene
<br />statement or information Beneficiary may deem necessary. Trustor warrar►ts 1
<br />information Trustor provides to Beneficiary are, or will be, accurate, correct, and
<br />deliver, and file as Beneficiary may reasonably requ st any additional documents or
<br />consider necessary to perfect, continue, and preser e Trustor's obligations und�r th
<br />lien status on the Property. If Trustor fails to do so, Beneficiary may sign, deli
<br />certificates in Trustor's name and Trustor hereby irr vocably appoints Beneficiary or
<br />fact to do the things necessary to comply with this ection.
<br />required by Beneficiary, in an
<br />� account deposits (if agreed to
<br />agreement, Trustor will not be
<br />:iary upon request, any financial
<br />t all financial statements and
<br />mplete. Trustor agrees to sign,
<br />rtifications that Beneficiary may
<br />Deed of Trust and Beneficiary's
<br />r, and file such documents or
<br />:neficiary's agent as attorney in
<br />24. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; UCCESSORS AND ASSIG�IS B UND. All duties under this Deed
<br />of Trust are joint and individual. If Trustor signs th s Deed of Trust but does not si n the Evidence of Debt, Trustor
<br />does so only to mortgage Trustor's interest in the roperty to secure payment'of th Secured Debt and Trustor does
<br />not agree to be personally liable on the Secured D bt. Trustor agrees that Beneficia y and any party to this Deed of
<br />Trust may extend, modify or make any change in he terms of this Deed of Trust r the Evidence of Debt without
<br />Trustor's consent. Such a change will not release Trustor from the terms ofi this Deed of Trust. The duties and
<br />benefits of this Deed of Trust shall bind and benefit e successors and assigns of Tru tor and Beneficiary.
<br />If this Deed of Trusfi secures a guaranty between eneficiary and Trustor and does ot directly secure the obligation
<br />which is guarantied, Trustor agrees to waive arty rig ts that may prevent Beneficiary rom bringing any action or claim
<br />against Trustor or any party indebted under the ob igation including, but not limited to, anti-deficiency or one-action
<br />laws.
<br />25. APPLICABLE LAW; SEVERABILITY; INTERPRETATI N. This Deed of Trust is goverr
<br />in which Beneficiary is located, except to the ext nt otherwise required by the I�
<br />Property is located. This Deed of Trust is complete and fully integrated. This peed
<br />modified by oral agreement. Any section or clause i this Deed of Trust, attachrhent;
<br />Secured Debt that conflicts with applicable law will ot be effective, unless that law
<br />variations by written agreement. If any section or lause of this Deed of Trus't cai
<br />terms, that section or clause will be severed and ill not affect the enforceat�ility
<br />Trust. Whenever used, the singular shall include the lural and the plural the sin�ular.
<br />sections of this Deed of Trust are for convenience nly and are not to be used Ito in
<br />Deed of Trust. Time is of the essence in this Deed of Trust.
<br />I by the laws of the jurisdiction
<br />s of the jurisdiction where the
<br />� Trust may not be amended or
<br />or any agreement related to the
<br />;pressly or impliedly permits the
<br />ot be enforced according to its
<br />' the remainder of this Deed of
<br />he captions and headings of the
<br />�pret or define the terms of this
<br />26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary' option, may from time tp tim remove Trustee and appoint a
<br />successor trustee by an instrument recorded in th county in which this Deed of rust is recorded. The successor
<br />trustee, without conveyance of the Property, shal succeed to all the title, powe and duties conferred upon the
<br />Trustee by this Deed of Trust and applicable law. ;�
<br />��"' OO 1993, 2001 Bankers Systems, Inc., St. Cloud, MN Form AG�O-RESI-NE 1/17/2003 � 1�
<br />Trustor subject to Beneficiary's approval, wh�ch shall not be unreasona
<br />the coverage described above, Beneficiary m y, at Beneficiary's option,
<br />rights in the Property according to the terms f this Deed of Trust.
<br />�Q1�U3111
<br />hheld. If Trustor fails to maintain
<br />�coverage to protect Beneficiary's
<br />All insurance policies and renewals shall be acceptable to Beneficiary and s all include a standard "mortgage
<br />clause" and, where applicable, "beneficiary I ss payee clause." Trustor shall mmediately notify Beneficiary of
<br />cancellation or termination of the insurance. eneficiary shall have the right to hold the policies and renewals. If
<br />Beneficiary requires, Trustor shall immediat ly give to Beneficiary all receip of paid premiums and renewal
<br />notices. Upon loss, Trustor shall give immedi te notice to the insurance carrie and Beneficiary. Beneficiary may
<br />make proof of loss if not made immediately b Trustor. '
<br />Unless Beneficiary and Trustor otherwise ag e in writing, insurance proceed
<br />repair of the Property damaged if the restora ion or repair is economically, fe+
<br />not lessened. If the restoration or repair is no economically feasible or Benefii
<br />the insurance proceeds shall be applied to th Secured Debt, whether or not
<br />Trustor. If Trustor abandons the Property, or oes not answer within 30 days
<br />insurance carrier has offered to settle a clai , then Beneficiary may collect tl
<br />may use the proceeds to repair or restore the Property or to pay the Secured I
<br />30-day period will begin when the notice is gi en.
<br />shall be applied to restoration or
<br />ible and Beneficiary's security is
<br />iry's security would be lessened,
<br />en due, with any excess paid to
<br />notice from Beneficiary that the
<br />insurance proceeds. Beneficiary
<br />;bt whether or not then due. The
<br />ee in writing, any application proceeds to principal shall not
<br />.paym�nts or chang� the amoun ofi the payments. If the Property
<br />ny insurance policies and proce ds resulting from damage to the
<br />�eneficiary to the extent of the ecured Debt immediately before
<br />�I liability insurance naming B�neficiary as an additional insured
<br />against claims arising frpm a accident or occurrence in or on
<br />Unless Beneficiary and Trustor otherwise a
<br />extend or postpone the due date of schedule
<br />is acquired by Beneficiary, Trustor's right to
<br />Property before the acquisition shall pass to
<br />the acquisition.
<br />Trustor agrees to maintain comprehensive ge
<br />in an amount acceptable to Beneficiary, insui
<br />the Property.
<br />Trustor agrees to maintain rental loss or t
<br />amount equal to at least coverage of one yea
<br />separately in writingl, under a form of policy +
<br />(pege 6 of 8)
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